Registered number: 1113738
GINAGI FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021
GINAGI FOUNDATION Financial Statements For the Year Ended 30 APRIL 2021
Contents
| Contents | |
|---|---|
| Page | |
| Accountant's Report | 1 |
| Income and Expenditure Account | 2 |
| Balance Sheet | 3 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Income and Expenditure Account | 5 |
GINAGI FOUNDATION Accountant's Report For the Year Ended 30 April 2021
In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 30 April 2021 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed:
Date: 18/11/2021
11 Littleton House Lupus Street London SW1V 3EP
GINAGI FOUNDATION Income and Expenditure Account For the Year Ended 30 April 2021
| 2021 | 2020 | |||
|---|---|---|---|---|
| £ | £ | |||
| TURNOVER | 26,300 | 5,500 | ||
| Staff costs | 4,800 | 1,380 | ||
| Administration and capital Expenses | 2,600 | 0 | ||
| General expenses | 17,816 | 3,182 | ||
| Depreciation and other amounts written off assets | 978 | 898 | ||
| NET SURPLUS | 106 | 40 |
GINAGI FOUNDATION Balance Sheet As at 30 April 2021
| 2021 | 2020 | |||
|---|---|---|---|---|
| £ | £ | |||
| Fixed assets | 2,780 | 2,780 | ||
| Current assets | 4,400 | 580 | ||
| Prepayments and accrued income | 6,600 | |||
| Creditors: Amounts Falling Due Within One Year | 1 | 1 | ||
| Net Current Assets | 580 | 581 | ||
| Total Assets Less Current Liabilities | 2505 | 3361 | ||
| Accruals and deferred Income | 550 | 550 | ||
| Net Assets | 1955 | 2811 | ||
| Reverses | 1955 | 2811 |
Notes
1. General Information
Ginagi foundation is an unincorporated charity, registered in England & Wales, registered number 1113738. The registered office is 11 Littleton House, Lupus Street, London SW1V 3EP.
2. Average Number of Volunteers and employees
Average number of volunteers and employees, including directors, during the year was as follows:
| Office and administration | 2021 4 4 |
2020 4 |
|---|---|---|
| 4 |
3. Off-Balance Sheet Arrangements
Ginagi Foundation Balance Sheet (continued) As at 30 APRIL 2021
For the year ending 30 April 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions.
On behalf of the board
Date: 18/11/2021 Mrs Essiya Muzumu Chair 18/11/2021
Ginagi Foundation Detailed Income and Expenditure Account
For the Year Ended 30 APRIL 2021
| Period | 2021 | 2021 | 2020 | 2020 |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Incomes | ||||
| Individual Donations and membership | 5,500 | 1,860 | ||
| Sales | 14000 | 1,270 | ||
| Show | 1,600 | 2,370 | ||
| Events | 5200 | |||
| Total | 26,300 | 5,500 | ||
| Expenditures | ||||
| Staff costs | ||||
| Trainings and volunteers' expenses | 1,200 | 600 | ||
| Travel,subsistence and accommodation | 2,100 | 780 | ||
| Consultancyandprofessional fees | 1,500 | |||
| Total staff costs | 4,800 | 1,380 | ||
| Administration and capital Expenses | ||||
| Laptop& Computer | 1800 | |||
| Office supply | 250 | |||
| Accounting& Legal fees | 550 | |||
| Total Administration & capital Expenses | 2600 | 0 | ||
| General expenses | ||||
| Premises expenses: | ||||
| Rent and venue hire | 7,200 | |||
| General office supply: | ||||
| Other insurance | 1620 | 1200 | ||
| Printing, postage and stationery | 1042 | 460 | ||
| Advertising, promotion andpublicitycosts | 2,250 | 580 | ||
| Training, guidance,support and workshops | 1,480 | 180 | ||
| Phone & Internet | 612 | 102 | ||
| Sundryexpenses | 1400 | 290 | ||
| photography& videos | 2,212 | 370 | ||
| Totalgeneral expenses | 17,816 | 3,182 | ||
| Depreciation and written off other assets | ||||
| Depreciation | 978 | |||
| Depreciation of equipment | - | 898 | ||
| Total Depreciation and written off other assets | 978 | 898 | ||
| Total Expenses | 26,194 | 5,460 | ||
| NET SURPLUS@ THE END OF 2021 | 106 | 40 |